What is Inflation and How is it a Tax (2022) - Milton Friedman | from Not An Economist channel

What is Inflation? All of us have heard that inflation is taxation without representation but not many people understand how and why inflation is actually taxation. This video discusses the ideas of Milton Friedman, Adam Smith, Friedrich Hayek, members of the Austrian School of Economics and Mont Pelerin Society on this matter. This is a disease that we need to put a stop to.

0:00 - Main Questions about Inflation
1:00 - Understanding the Cause of Inflation
3:15 - Why Does Inflation Happen
4:06 - Why Does Government Print Money and Create Inflation
5:11 - How Does Inflation Raise Taxes
6:01 - Inflation Cancels Government Debt
6:47 - History of Inflation
8:54 - How to Cure Inflation
10:53 - How Long Does It Take for Inflation To Occur
13:00 - How Much Inflation is Too Much
16:41 - Conclusion and an Inflation Joke

Milton Friedman Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv98lM-B9BcokQ_HsI_5W4nK

Ayn Rand Playlist:
https://youtube.com/playlist?list=PLbVVaabAopv-wXA5TLbltJfj2tCbcJQPn

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